In India, small business owners have option to choose from a slew of business loans provided by various banks and non-banking financial companies (NBFCs). But a number of studies still suggest entrepreneurs find it difficult to avail credit on time.
The entrepreneurs nowadays have option to obtain money to set up, run, and expand businesses through a variety of loan products. Some of these small business loan products are conventional, whereas others are modern and technology driven. Many enterprises prefer
In India, both banks and non-banking financial companies (NBFCs) provide different types of loan products to the small and medium enterprises (SME). Some of these loan products are collateral-free, whereas others require the borrower to pledge his personal or business
In India, both banks and non-banking financial companies disburse personal loans much faster than business loans. A borrower can use the personal loan proceeds for a number of purposes. Hence, many entrepreneurs opt for personal loans to meet working capital